Texas § 279.055 DETERMINATION BY FINANCE COMMISSION.

Texas Statutes

§ 279.055 — DETERMINATION BY FINANCE COMMISSION.

Texas § 279.055

Code FIFinance Code

This text of Texas § 279.055 (DETERMINATION BY FINANCE COMMISSION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 279.055 (2026).

Text

Sec. 279.055. DETERMINATION BY FINANCE COMMISSION.

(a)Not later than the 120th day after the date an application for the designation of a banking development district is submitted under Section 279.053 , the finance commission shall make a determination regarding whether to approve the application.

(b)If the finance commission approves the application, the finance commission shall notify the:

(1)local government;

(2)financial institution;

(3)comptroller;

(4)Texas Economic Development and Tourism Office;

(5)lieutenant governor; and

(6)speaker of the house of representatives. SUBCHAPTER C. CREDIT UNION DEVELOPMENT DISTRICTS

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Sec. 279.055. DETERMINATION BY FINANCE COMMISSION. (a) Not later than the 120th day after the date an application for the designation of a banking development district is submitted under Section 279.053 , the finance commission shall make a determination regarding whether to approve the application.
(b) If the finance commission approves the application, the finance commission shall notify the:
(1) local government;
(2) financial institution;
(3) comptroller;
(4) Texas Economic Development and Tourism Office;
(5) lieutenant governor; and
(6) speaker of the house of representatives.
SUBCHAPTER C. CREDIT UNION DEVELOPMENT DISTRICTS